United States Steel Corporation (NYSE: X) has provided adjusted EBITDA guidance of about $1.65 billion for the fourth quarter of 2021. Though the guidance indicates another quarter of strong performance, management has warned of a temporary slowdown in orders.  Following the news, shares of the American integrated steel producer dropped 5.1% in the extended trading session on Thursday.  Q4 Expectations  U.S. Steel expects its Flat-rolled segment to deliver adjusted EBITDA of around $1 billion with margins near prior-quarter levels. Results are expected to be driven by elevated flow-through of higher steel selling prices, partly mitigated by cautious seasonal buying and a rise in raw material and energy costs.
https://www.tipranks.com/news/u-s-steel-announces-q4-expectations-shares-drop-on-order-concerns?utm_source=advfn.com&utm_medium=referral
US Steel (NYSE:X)
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